Red Electrica earnings inline, Revenue beats in Q3

  • Investing.com
Red Electrica earnings inline, Revenue beats in Q3

Investing.com - Red Electrica reported on Wednesday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.

Red Electrica announced earnings per share of €0.3 on revenue of €487.96M. Analysts polled by Investing.com anticipated EPS of €0.3 on revenue of €473.6M.

Red Electrica shares are down 12% from the beginning of the year and are trading at €15.605 , down-from-52-week-high.They are outperforming the IBEX 35 which is down 32.2% year to date.

Red Electrica follows other major Utilities sector earnings this month

Red Electrica's report follows an earnings missed by Iberdrola on Wednesday, October 21, 2020, who reported EPS of €0.12 on revenue of €7.78B, compared to forecasts EPS of €0.14 on revenue of €6.59B.

Enagas had matched expectations on Tuesday, October 20, 2020 with third quarter EPS of €0.43 on revenue of €282.68M, compared to forecast for EPS of €0.43 on revenue of €286.09M.

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